Guest post by Abhinav Khatri.
PayPal is the best (and most secure) way to send and receive money worldwide. You don’t need any other tool, just a PayPal account is enough for making payments and getting money from anywhere in the world.
PayPal Without Credit card?
But, there is a problem and misconception with PayPal. Many users think that a credit card is required to use this service. OK. This is true, but not 100% correct. You can use PayPal without any credit card! Although, if you don’t register a credit card with your PayPal account – your account will be marked as “unverified” account and hence, you can’t shop at certain websites. Another drawback of unverified PayPal account is limitations on withdraw and receiving money. As an “unverified account” you can send / receive just $500.00 USD per month. To increase this limit, you must add and verify a credit card to your account.
If you don’t have a credit card, try Virtual credit cards (VCC). VCC are getting popular these days. Many banks offer VCC without any restriction as in case of credit card.
Withdraw Money Directly To Your Bank Account In India
Indian PayPal users can withdraw money to their bank account directly. This money is sent via Electronic Fund Transfer (EFT) and takes just one week to arrive. If you requested a sum below Rs. 7000/- PayPal will charge Rs 50/-, else the transaction will be free. Though, PayPal generally offers low rates for USD.
——–
Abhinav is a PHP developer, based in Delhi.
Hi!
I’m staying in one of the backward & remote places in india where we have only SBI & GPRS as the sole transaction & communication respectively. We are in need to buy online from international stores. As we don’t have any credit card, is it possible to transact with PAYPAL by SBI D/D or prepaid cash cards for online shoping? Please let me know soon.
Thanks & good wishes to U all!
i need a paypal acc but i don’t have credit card.
Was not able to sign up for a business account, cause the date of registration was acceptable. was not able to contact anyone, as i was not able to log in. Also there was no indian rupee option available in the primary currency. That is disappointing.
Sorry. I meant to say – was not acceptable.
Hi Abhinav,
I have a small question. I have been doing some free lance projects and have a paypal account going, the above options mentioned is put up on their website, but have you got your credit card verified? I don’t have a credit card but have a debit card. Can I use that to verify my account with that? Which bank debit cards are accepted?
@rahul: AFAIK Paypal does not accept any Indian debit card. :( But a great news: You can verify your Paypal account using your Bank Account. :)
Just go to “Get verified” and select “Link My Bank Account”. :)
I have created an new paypal account but it has been past one week my bank account is not verified by paypal as it will be verified when paypal sends me the two deposits. so please tell another method how it will be verified.
Please solve my problem………
Have you entered the correct bank account details?? Check your account status again. In my case,
Paypal sent Rs1.13 & Rs1.2 – the two small amounts to verify my account.
Another way to verify your account is to use Credit card. :)
I do not have a credit card. Can I create a paypal account by debit card.?
@Ajith: Yes, you can. You can withdraw money to your bank account. Unfortunately, Paypal is facing some problems with Indian users at the moment. I hope this will over soon. :)
Read their official blogpost on this issue here: https://www.thepaypalblog.com/2010/02/personal-payments-and-local-bank-transfers-in-india/
Hi Abhinav my name is arun kumar and my realative in pol aned and i have not any busines but if my realtive want to send me some USD in india then is it possiable that the money that he send me in USD it convert in Indian rupee and i have no any creadit card only a debit card of Axis bank and tell me your what is your cut in USD500
i need a paypal acc but i don’t have credit card. i have only Bank of Baroda a/c.
hi
i have debit card of state bank of Maharashtra.
when i enter the debit card number it show message “denied card”.
debit card of Maharashtra bank is valid for paypal ?
i want to join paypal as warly as possible.
plese give me reply.
waiting your reply.
gangji
hi
i want to the paypal account so dont have any creditcard but have sbi account
@amar gangji : AFAIK Paypal does not support Indian debit cards. You need credit card to verify your account. Recently, they have started verifying accounts by bank account verification.
Hi! there.
I have a question for you, i tried to verify my paypal a/c to my bank a/c and so as they says that they sent me two small deposit on on 10th feb and i check my bank status but found no deposit and it has be more than 10 days, so is it likely to take more than that? because they say it will take 4-6 days only, and m 100% sure i enter correct a/c no. So do i need to wait or cancel and try again, please advice.
@Ime : Yes. Paypal is facing problems with Indian users as Reserve Bank of India has issued a notice to them. You need to wait. :(
Hai friends,,
I have debit card only… how to i receive payment from paypal account…please help me…
@stephen: In past, we had an option to transfer money directly to bank accounts. I have requested a check from Paypal, as I don’t have any credit card. :(
[PS: I live in India :) ]
hi,
Is it possible to withdraw through Virtual Card. Becz they have option to withdraw in to your credit card. so, why not virtual card. I think it will automatically credit to bank account.
but i’m not sure. do you have any experience about this…?
regards
@Rahul Pandey: It seems possible technically. Though, I’ve n’t tried. :|
btw, thanks for the tip. :)
Hi Can any1 assist me on Paypal…i work as a free lancer…new to paypal community…i need to pay some person/business thru paypal & then subsequently receive US would be receiving $500 U S dollars every month. so plz guide me. any1 can rech me at dev213@rediffmail.com.
Hi,
There, can we add fund to paypal a/c through SBI bank a/c?
if yes how coz i need to add some amount to pay for some services through paypal. However i can’t confirm my paypal a/c to my SBI a/c is it possible to add SBI bank a/c to paypal? refer my last post too, it’s still pending.
Thankyou.
Ime
@ime:
1> You can’t add fund from bank accounts.
2> You can add and confirm SBI bank account with Paypal for withdrawal.
3> To add fund to your Paypal account, use credit card or ask a friend to send money via paypal. :)
hi anyone in Hyderabad i will pay 50 usd to send money to my PayPal account let me know i will pay you 2600 u send me 50 usd to PayPal account let me know i am a verified PayPal user but don’t have credit card